Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How much did you originally borrow?

Q: You have agreed to pay off an $8,000 car loan with 24 monthly payments of $400 each. Use the simple…

A: Formula used: To find the interest rate in simple interest:…

Q: Juan purchases an annuity for 4140 dollars that will make 17 annual payments, the first to come in…

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Q: 2.7

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Q: Anna's employer covers 80% of the cost of a $5700-per-year health insurance plan, and her share of…

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Q: How much interest (to the nearest dollar) would be saved on the following loan if the condominium…

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Q: The father has just donated $25,000 to a church. His son would like to donate an equivalent amount,…

A: Given;  Principal =$ 25000 Time = 5 years  Rate = 8.2%.

Q: Steven wants to buy a new couch priced at $558 and agrees to pay for it over two years with a…

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Q: Morgan loaned $3,100 to Rolf at a simple interest rate of 0.65% per month. What was the  term of the…

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Q: Find the exact interest on a loan of ​$6,000 at 8​% annually for 70 days.

A: Given, a loan of $6,000 at 8​% annually for 70 days.To find the exact interest on a loan.

Q: Your total payment on a 4-year loan, which charged 8.5% simple interest, amounted to $70,160. How…

A: The objective of this question is to find out the original amount borrowed given the total payment…

Q: rate

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Q: Jane Doe has a job in Detroit, MI, that pays $45,550 per year.  How much can she afford to spend…

A: Given that. Salary per year =  $45,550 Set budget = 15% of monthly take home pay.

Q: Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of 5.2%. If…

A: Given:   Lindsay borrowed a certain amount of money for 4 years at an annual simple interest rate of…

Q: You can afford a $200 per month car payment. You've found a 3 year loan at 4% interest. How big of a…

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Q: You can afford a $250 per month car payment. You've found a 4 year loan at 6% interest. How big of a…

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Q: Pedro d. Magulabtang wants to have an amount of ₱750,000 at the end of 5 years and 9 months for now.…

A: Future value of ordinary annuity FV=R1+in-1i where R is regular deposit i is periodic interest rate…

Q: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

A: Elon has misplaced the sales contract for his car and cannot remember the amount he originally…

Q: Steven wants to buy a new couch priced at $705 and agrees to pay for it over two years with a…

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Q: Jeremy has a credit card with an unpaid balance of $1,210. If he is charged an interest rate of…

A: The objective of this question is to calculate the finance charge for the month on Jeremy's credit…

Q: Ellen is looking to purchase a car.  She determines that she can afford a monthly payment of $325.…

A: To determine the cost of car that Marie can afford.

Q: You can afford a $250 per month car payment. You've found a 5 year loan at 2% interest. How big of a…

A: We have to solve given Questions.

Q: Toni Torres wants to save $1,200 in the next two years to use as a down payment on a new car. If her…

A: Amount = $1200 Interest = 9% 2 years = 24 months

Q: Sally and her family are looking into purchasing a home. The total cost is $260,000. They can afford…

A: Given that The total cost is $ 260,000 . down payment is $25,000The present value PV = The total…

Q: Find the simple interest Jolie owes on a 2-year loan for $8,000 to buy a used car at the rate of 9%…

A: The objective of this question is to calculate the simple interest Jolie owes on a 2-year loan for…

Q: interest and agreed to pay it off over a 2 year period, how much would your monthly payment be?

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Q: Mr. Smith buys a television that is listed for $1500. He pays $500 down and pays the balance in 12…

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